Question: A company manages its inventory for a specific item using the periodic review inventory model with 5 days between orders. It is currently time to
A company manages its inventory for a specific item using the periodic review inventory model with days between orders. It is currently time to place an order, and the company notes that there are items on hand. The item to be replenished has a lead time of days with a daily demand of units. The standard deviation of demand during the uncertainty period has been calculated to be If the company wants to have at least a service level for this item, what should its order quantity be
the table for the zvalues for the given probabilities.
Standard Normal Table
Service level
z value
The order quantity is enter your response here units. Enter your response rounded up to the next whole number.
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